On Mon, 10 Sep 2007 17:45:37 -0500, flipper wrote:
On Mon, 10 Sep 2007 16:38:22 GMT, Richard The Dreaded Libertarian
On Sun, 09 Sep 2007 18:06:33 -0500, flipper wrote:
On Sun, 09 Sep 2007 19:02:42 GMT, Richard The Dreaded Libertarian

Where do you get your income? From performing a service for your
employer, right?

And I pay tax on that whether I buy a blessed thing or not.

Yes, exactly, and that is the problem we're attempting to solve.

Then you need to learn the difference between the income tax and a
sales tax.


OK, teach me.

I thought "income tax" is a tax on your income, where, for example,
if you earn $1000.00, they take away #300.00 and you take home
$700.00, and if you don't turn over the $300.00, they'll take it
by force.

In other words, it's a penalty on working.

I also thought a "sales tax" was one where, when you _spend_ $1000.00
on tangible goods, they take away $300.00, so that the merchant only
gets $700.00. If you don't want to pay this tax, you don't have to
buy the $1000.00 cement mixer or whatever.

And when you buy a $10,000,000.00 yacht, they take $3,000,000.00
in tax.

But they didn't penalize you for _earning_ the $10,000,000.00.

Now, am I wrong?

If so, please enlightem me.

You might need to use small words.

Good Luck!
Rich